How To: Setting Up a Bitconnect Account & LendingsteemCreated with Sketch.

in #bitconnect7 years ago

How To Setup A Bitconnect Account & Start Lending

Visit https://bitconnect.co/ and click on the Register button located at the top right of the page

Fill out your:
a. First name
b. Last name
c. Email (note that only one (1) bitconnect account is allowed per email)
d. Username
e. Password & Confirm password
f. Telephone number
g. Referral sponsor (please make sure username: willysneakz is inputted )
h. Date of birth
Complete the captcha and click the signup button.

Screen Shot 2017-09-28 at 12.31.08 PM.png

Upon completing your registration, please check your email and click on the link to activate your account. Please check your spam box if you do not see the registration account.

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BTC to BCC to Lending

Once you login, you first need to deposit BTC into your account. In the Dashboard, scroll down and click on the green “Deposit Bitcoin (BTC)” button. This will display your BTC address for you to send funds into the account.

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When your account is successfully funded, next step is to convert Bitcoin (BTC) to Bitconnect Coin (BCC). In the menu, click on BCC exchange tab. Scroll down to the Buy/Sell BCC section and like other exchanges, purchase BCC.

Screen Shot 2017-09-28 at 1.39.30 PM.png

Once the trade is in place, you can monitor open open orders further down on the exchange page.

Upon successfully funding your Bitconnect Wallet, proceed back to the Dashboard and at the top of the page, click on the Lend Bitconnect.

Screen Shot 2017-09-28 at 1.12.54 PM.png

In the pop-up, enter the amount you wish to lend in US dollars, check the terms and conditions box and click the Pay from Bitconnect wallet blue button to complete your lend.

Screen Shot 2017-09-28 at 1.13.06 PM.png

And that’s it! You are officially lending BCC!

Some key notes:
• The amount you lend is in USD fiat! That means your funds and interest payments are NOT in BTC or BCC but rather in USD. That also means that your principle loan and interest received does not fluctuate as the price of BCC and BTC move.
• You can reinvest your interest but know that any reinvested interest is NOT rolled into your existing loan but is rather a new loan. That means that if your initial deposit $10,010 and you reinvest $100 of your interest, the reinvested amount will NOT receive the .25% daily bonus and likewise, will mature at a new 299 days. For additional clarification, feel free to message me.
• Interest is paid out every 24 hours. So if your lend started on 1/1/2017 @ 12:30PM, your first payment will be made at 1/2/2017 @ 12:30PM. Multiple lends will be paid out at each date/time that specific lend was made.
• You can withdraw your interest IMMEDIATELY if you’d like.
• To withdraw your interest, you will follow above steps in reverse (Lending to BCC to BTC).
• At the end of the maturity date, you will receive your initial deposit back.

I’ve been lending for 17 days already and have already made US$1,000+ off a USD$5,200 lend so not a bad return.

And remember, this is still an investment, so don’t put in anything you can’t afford to loose! But if you have a bit of spare change laying around and willing to try, at an average of .88% interest per day (excluding the daily bonus), it will take only 3-4 months to earn your initial investment back. Then you can just take your earnings and reinvest that. I’ve invested in plenty of business and have had many never pay me back so that’s why I decided to try this and it’s working out great!

Hope this help!

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Nice tutorial! Do you got a sponsor on bitconnect? =)

Yup. If you don't have one, please add me: https://bitconnect.co/?ref=willysneakz

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